Citigroup (NYSE: C) shares have hit a new five-month high closing at $4.47 on Thursday, marking a 2.41% gain for the day.
The New York-based bank previously closed at $4.46 on October 23rd.
In the past month, Citigroup has outperformed the market as well as its competitors and has risen by more than 27%.
Recently, the U.S. Treasury Department announced plans to divest itself of the 7.7 billion shares of Citigroup that it owns by the end of the year.
Citigroup is an internationally diversified financial services holding company. The company provides a wide range of financial products and services to consumers, corporations, governments and institutions.
